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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Green Thumb Industries's Sloan Ratio for the quarter that ended in Jun. 2026 was -1.95%.
As of Jun. 2026, Green Thumb Industries has a Sloan Ratio of -1.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Green Thumb Industries (FRA:R9U2) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Green Thumb Industries has a Sloan Ratio of -1.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Green Thumb Industries Sloan Ratio % Related Terms
Green Thumb Industries Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Green Thumb Industries Sloan Ratio % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Green Thumb Industries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Green Thumb Industries's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Green Thumb Industries's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Green Thumb Industries's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 19.841 (Sep. 2025 ) + 71.055 (Dec. 2025 ) + 13.318 (Mar. 2026 ) + 4.234 (Jun. 2026 ) = €108 Mil.
Green Thumb Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 63.149 (Sep. 2025 ) + 76.98 (Dec. 2025 ) + 65.566 (Mar. 2026 ) + 25.182 (Jun. 2026 ) = €231 Mil.
Green Thumb Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -11.073 (Sep. 2025 ) + -16.355 (Dec. 2025 ) + -17.797 (Mar. 2026 ) + -29.49 (Jun. 2026 ) = €-75 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Green Thumb Industries (FRA:R9U2) has a Sloan Ratio % of -1.95% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Green Thumb Industries and its competitors.
Is Green Thumb Industries' Sloan Ratio % too high?
Green Thumb Industries' current Sloan Ratio % is -1.95%. Overall, Green Thumb Industries has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Green Thumb Industries' Sloan Ratio % compare to ZTS?
Green Thumb Industries' Sloan Ratio % of -1.95% can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Drug Manufacturers company?
A good Sloan Ratio % depends on the Drug Manufacturers industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Green Thumb Industries and its competitors. Green Thumb Industries's current Sloan Ratio % is -1.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Thumb Industries stock overvalued right now?
Based on GuruFocus' analysis, Green Thumb Industries (FRA:R9U2) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.37, compared to a current price of €6.22 — trading 15.6% below its estimated fair value. The current Sloan Ratio % is -1.95%. Green Thumb Industries' overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Green Thumb Industries (FRA:R9U2), the current Sloan Ratio % is -1.95% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Green Thumb Industries (FRA:R9U2) Overvalued in 2026?
Based on GuruFocus' analysis, Green Thumb Industries stock appears to be undervalued.
The current stock price of €6.22 is trading 15.6% below its estimated GF Value™ of €7.37.
GuruFocus considers Green Thumb Industries to be Modestly Undervalued.
Key valuation signals for FRA:R9U2:
Sloan Ratio %: -1.95%
GF Value™: €7.37 vs. price of €6.22 (15.6% below fair value)
No single metric tells the full story. See the FRA:R9U2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 14 states and operates more than 100 cannabis stores under the brand Rise. GTI is focusing its expansion on limited-license states with large populations, and it does not currently export into the global medical market due to the USA federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, Incredibles, and RYTHM.
83GF Score
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